Bloom Energy (NYSE:BE) Shares Gap Down - Here's What Happened

Key Points

• Bloom Energy shares fell 4%, opening at $224.28 versus the prior close of $239.34, despite positive company news and high trading volume.
• Oracle reportedly selected Bloom as the primary power source for a large AI campus and reaffirmed its role in Project Jupiter. Baird and UBS also raised their price targets, while management expects 2026 revenue of approximately $3.9 billion to $4.2 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average price target of $259.05, although the stock trades at a high valuation and insiders have sold shares primarily to cover tax obligations.

Bloom Energy Corporation (NYSE:BE - Get Free Report)'s share price gapped down before the market opened on Thursday. The stock had previously closed at $239.34, but opened at $224.28. Bloom Energy shares last traded at $226.2160, with a volume of 5,953,376 shares.

Key Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Oracle reportedly designated Bloom Energy as the primary power source for a large AI campus and reaffirmed Bloom’s role in Project Jupiter. The development supports demand for Bloom’s fuel-cell systems and strengthens its position in data-center power infrastructure. Bloom Energy Got Good News From Oracle and Fell Anyway
• Positive Sentiment: Robert W. Baird raised its Bloom Energy price target to $351 from $310 and maintained an “outperform” rating, reflecting confidence in the company’s AI-related growth opportunity. Bloom Energy analyst price target report
• Positive Sentiment: Bloom’s management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, potentially about double its 2025 revenue, supporting the long-term growth case. Bloom Energy Stock Is 31% Below Its Record

Analysts Set New Price Targets

Several brokerages have commented on BE. Zacks Research lowered shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. UBS Group boosted their price objective on Bloom Energy from $325.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. BTIG Research restated a "buy" rating and set a $295.00 price objective on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $259.05.

Bloom Energy Trading Down 4.0%

The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The company has a market cap of $67.70 billion, a PE ratio of 306.16, a PEG ratio of 3.39 and a beta of 3.77. The company has a 50 day simple moving average of $249.11 and a two-hundred day simple moving average of $245.54.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the business posted $0.10 EPS. The company's revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insider Activity at Bloom Energy

In related news, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total value of $775,100.90. Following the transaction, the insider owned 126,500 shares in the company, valued at $34,163,855. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the sale, the chief accounting officer owned 77,391 shares of the company's stock, valued at approximately $20,773,292.22. The trade was a 2.88% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 in the last 90 days. Insiders own 3.00% of the company's stock.

Institutional Trading of Bloom Energy

Hedge funds have recently bought and sold shares of the stock. Nvwm LLC purchased a new position in shares of Bloom Energy in the 3rd quarter worth about $56,000. HBW Advisory Services LLC boosted its stake in shares of Bloom Energy by 9.5% in the 3rd quarter. HBW Advisory Services LLC now owns 1,281 shares of the company's stock valued at $355,000 after purchasing an additional 111 shares in the last quarter. Truefg LLC raised its position in Bloom Energy by 2.4% in the 3rd quarter. Truefg LLC now owns 2,048 shares of the company's stock worth $567,000 after purchasing an additional 48 shares during the period. Reliant Investment Management LLC bought a new position in shares of Bloom Energy during the third quarter valued at about $814,000. Finally, Elemental Capital Partners LLC increased its holdings in shares of Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company's stock worth $287,791,000 after buying an additional 25,625 shares during the period. 77.04% of the stock is owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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